BREAKING: Trump Fed choice Stephen Moore withdraws amid controversy
Trump tweeted the news of Moore's withdrawal even while describing him as"a great pro-growth economist and a truly fine person."
Moore, who had told the Wall Street Journal earlier in the day that he was not dropping out, didn't immediately respond to a request for comment. Moore was an adviser to Trump's presidential campaign who helped design the 2017 tax cuts. Moore's candidacy immediately met widespread skepticism about whether he was qualified for a Fed board position and concerns about his background as a highly politicized commentator on economic issues.
After Trump named Moore as a potential nominee in late March, Gregory Mankiw, a Harvard professor who was a top adviser to President George W. Bush, observed that Moore"does not have the intellectual gravitas for this important job" and urged the Senate to keep him off the Fed.
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